Plan Snapshot
- Plan Sponsor: Board Of Trustees Teamsters Local 641 Pension Fund
- Sponsor EIN: 226220288
- Sponsor Address: 714 RAHWAY AVENUE, 2ND FL, UNION, NJ, 07083
- Plan Type: DB
- Total Participants: 105
- Total Assets: $561.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 105 | $561.9M | $0 | $0 |
| 2024 | 313 | $568.7M | $0 | $0 |
| 2023 | 404 | $567.8M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MSPC CPA'S & ADVISORS | Auditor | $53,928 | — | $53,928 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CPA'S & ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,928
- Estimated Expense Ratio: 0.010% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $2,205,278 | $1,109,649 | — | $53,928 | — |
| 2024 | $1,848,099 | $925,079 | — | $21,385 | — |
| 2023 | $1,089,258 | $224,845 | — | — | $155,097 |